Today we will analyze the stock QIANYUAN POWER (002039.SZ) for internet stock trading in the SZ stock market,
Stock Technical indicators to notice in QIANYUAN POWER (002039.SZ)
1- Last bullish trend was from 14.01 $ (3/30/2012) to 15.57 $ (4/18/2012) a 1.56 $ move 2- The current bearish trend started from 15.57 $ at 4/18/2012 and is currently trading at 14.93 $.
3- 002039.SZ current support level is at 14.79 which is the 50.00 % fibonacci retracement of the last 1.56 $ move.
4- 002039.SZ current resistance level is at 14.97 which is the 38.20 % fibonacci retracement of the last 1.56 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
QIANYUAN POWER (002039.SZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.800 $ height triangle.
QIANYUAN POWER (002039.SZ) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 14.010 and 13.520, and is currently supporting at 14.255.
QIANYUAN POWER (002039.SZ) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 14.010 and 12.950, and is currently supporting at 14.376.

Stock Trading Conclusion:
QIANYUAN POWER (002039.SZ) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 14.97, 15.08, 15.17, 15.20, 15.25, 15.33, 15.57,.
Stock Support levels : 14.79, 14.61, 14.38, 14.26, 14.01, 13.59,.